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Livelihood Diversification

LYV-lee-hood dy-ver-sih-fih-KAY-shun

/ˈlaɪvlɪhʊd daɪˌvɜːrsɪfɪˈkeɪʃən/

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Syllable breakdown

livelihooddiversification

Dictionary meaning

The process by which households and communities develop a diverse portfolio of income sources and activities to improve living standards and reduce vulnerability to shocks

Examples

  • Livelihood diversification away from rain-fed farming helped households weather the drought.

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